All Forum Posts by: Donovan Swain
Donovan Swain has started 6 posts and replied 14 times.
Post: Lifecycle of a CA Multi-Family Development Deal
- Posts 15
- Votes 3
@Scott Choppin,
Thank you for taking the time to write about your development. Your post are not long. Keep it coming. I'm about to read your next one!.
Best regards
Donovan
Post: Redi Foundation Development Course
- Posts 15
- Votes 3
Has anyone taken this course or know of anyone who has? I’ve seen the reviews on their site but wondering if anyone else has first hand experience
Post: Debt to income question
- Posts 15
- Votes 3
@Henry Clark
The NC property is not cash flowing we actually come out of pocket about $40/mo with hoa. (We’ve actually considered selling for this reason)
WA house it will be cash flowing once we move
The plan for Arkansas is to flip and eventually develop.
Post: Debt to income question
- Posts 15
- Votes 3
Hi there! We're trying to come up with a game plan in regards to investing. So far we have 2 properties both purchased with a VA loan. One in NC that is rented out and one in Washington where currently live. At the moment we're looking into flipping in Arkansas but seem to keep running into an issue with our dti. We've been denied twice by two lenders with them saying our dti is too high. Yet our lender here in Washington approved us for $350k, she said that they aren't calculating the BAH and the rental income that we receive. At this point we're confused, does dti go based on state? Would changing over from a VA to a conventional help?